# Key OPEC ministers meet in Riyadh as Trump demands output boost | S&P Global

> Several key OPEC ministers from Saudi Arabia, the UAE, Kuwait and Iraq, along with Libya's minister, met in Riyadh on January 27. Delegates said they discussed production plans and the market outlook ahead of a February 3 monitoring committee meeting. The meeting followed repeated calls from Trump for more oil output.

- Date: 2025-01-27 · published 2025-01-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/26423-key-opec-ministers-meet-in-riyadh-as-trump-demands-output-boost-s-and-p-global
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A possible output increase ahead of the February 3 meeting would add supply and pressure crude prices lower. Lower energy costs would support feed margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-28 | [Global oil prices slip after US demands OPEC to increase output](https://feedsoft.ai/events/8098-global-oil-prices-slip-after-us-demands-opec-to-increase-output.md) | -0.3% | -4.5% |
| BRENT | 2025-01-28 | [Saudi, other OPEC+ ministers meet after Trump calls for lower oil price](https://feedsoft.ai/events/26421-saudi-other-opec-ministers-meet-after-trump-calls-for-lower-oil-price.md) | -1.3% | -3.1% |
| BRENT | 2025-01-20 | [Oil falls as Trump's plan to boost US oil output takes shape](https://feedsoft.ai/events/26687-oil-falls-as-trump-s-plan-to-boost-us-oil-output-takes-shape.md) | -4.0% | -8.5% |
| BRENT | 2026-07-06 | [OPEC+ to boost crude output, but can it deliver and who will buy? \| Reuters](https://feedsoft.ai/events/18251-opec-to-boost-crude-output-but-can-it-deliver-and-who-will-buy-reuters.md) | +7.0% | +33.1% |
| BRENT | 2021-04-01 | [OPEC+ decides to gradually curb output cuts as demand concerns persist](https://feedsoft.ai/events/47509-opec-decides-to-gradually-curb-output-cuts-as-demand-concerns-persist.md) | -1.4% | +7.7% |
| WTI | 2019-04-28 | [Global oil prices slip after US demands OPEC to increase output](https://feedsoft.ai/events/8098-global-oil-prices-slip-after-us-demands-opec-to-increase-output.md) | -2.1% | -7.6% |
| WTI | 2025-01-28 | [Saudi, other OPEC+ ministers meet after Trump calls for lower oil price](https://feedsoft.ai/events/26421-saudi-other-opec-ministers-meet-after-trump-calls-for-lower-oil-price.md) | +0.0% | -5.9% |
| WTI | 2025-01-20 | [Oil falls as Trump's plan to boost US oil output takes shape](https://feedsoft.ai/events/26687-oil-falls-as-trump-s-plan-to-boost-us-oil-output-takes-shape.md) | -6.3% | -8.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/012725-key-opec-ministers-meet-in-riyadh-as-trump-demands-output-boost

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.